Berenberg Bank Reiterates Buy Rating for Alfa Financial Software (LON:ALFA)

Alfa Financial Software (LON:ALFA)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a report issued on Thursday, Digital Look reports. They currently have a GBX 260 target price on the stock. Berenberg Bank’s price target suggests a potential upside of 64.77% from the stock’s previous close.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 220 price target on shares of Alfa Financial Software in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 256.25.

Alfa Financial Software Trading Down 2.0%

Shares of ALFA stock opened at GBX 157.80 on Thursday. Alfa Financial Software has a 1 year low of GBX 140.40 and a 1 year high of GBX 246. The firm has a fifty day moving average price of GBX 162.98 and a 200-day moving average price of GBX 159.99. The company has a debt-to-equity ratio of 17.37, a current ratio of 1.77 and a quick ratio of 1.37. The company has a market cap of £469.52 million, a price-to-earnings ratio of 15.56, a PEG ratio of 4.19 and a beta of 0.23.

Alfa Financial Software (LON:ALFA) last announced its earnings results on Thursday, September 3rd. The company reported GBX 4.55 EPS for the quarter. Alfa Financial Software had a return on equity of 53.53% and a net margin of 21.42%. As a group, equities analysts predict that Alfa Financial Software will post 8.7583445 earnings per share for the current year.

Insider Activity at Alfa Financial Software

In other news, insider Chris Sullivan sold 35,405 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of GBX 166, for a total transaction of £58,772.30. 54.97% of the stock is owned by insiders.

About Alfa Financial Software

Alfa has been delivering leading-edge technology to the global asset finance and leasing industry since 1990. Our specialised expertise enables us to deliver the most challenging systems transformation projects successfully.

Alfa Systems, our class-leading SaaS platform, is at the heart of the world’s largest and most progressive asset finance operations. Supporting all types of automotive, equipment and wholesale finance, Alfa Systems is proven at volume and across borders, and trusted by leading brands to manage complex portfolios, drive efficiency and sustainability, and enhance the customer experience.

With full functionality for originations, servicing and collections, Alfa Systems is live in 37 countries, representing an integrated point solution, a rapid off-the-shelf implementation, or an end-to-end platform for the complex global enterprise.